Statistics show that close to $933 billion Americans directed to health care in 2013 vis a vis 1996 is as a result of the increment in healthcare charges, which has appreciated over time to become more intense and expensive. A major cause of these changes is the abnormal population growth and aging. Equally, a change in the prevalence of a disease meant that just a slight decrease favored the annual spending. The frequency of how the healthcare services are used is less of a factor in the charges incurred.

Gerald Anderson of Hopkins attributes excessive spending on the absurd charges. He later adds that as much as the big-picture revelations are obvious, expenditures by disease is still a key aspect. Different diseases, therefore, have various driving factors steering their increase. For instance, diabetes exhibited the highest increase in yearly spending; $64 billion. $44 billion accounted for use in pharmaceuticals. Other factors involved include population growth, diabetes prevalence, and aging.

About Erick Lefkofsky

Erick Lefkofsky is the CEO and co-founder of Tempus, a high tech company responsible for the creation of an operating system meant to counter cancer. Erick has co-founded several other technology companies which include Lightbank, a business targeting to invest in disruptive technologies and also Uptake Technologies, a predictive analytics platform for Mediaocean.

Other than his numerous business ventures, Erick is also on the lead in philanthropic activities. In 2006, he established a private charitable foundation, the Lefkofsky Family Foundation, in association with his wife, Liz. Throughout his life, Erick has a record of donating millions of dollars towards cancer research. The foundation targets to improve the living standards of the contact communities through high-impact initiatives. Erick serves as a trustee in several institutions. Among these is the Lurie Children’s Hospital of Chicago, The Museum of Science and Industry, The Art Institute of Chicago, and World Business Chicago. He is the overall chairman of Steppenwolf Theater Company’s board of trustees. Erick Lefkofsky is a distinguished alumnus of the University of Michigan where he earned his Juris Doctor at the university’s Law school.